The Chance That at Least Some P-Values Will Be Lower

question 16

Multiple Choice

The chance that at least some p-values will be lower than 0.05 increases when

• A)the sample is nonprobabilistic.
• B)the sample is smaller than 100 cases.
• C)there is actually reverse causality.
• D)the number of analyses gets higher.

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Definitions:

Fixed Cost

Costs that do not vary with the level of output or sales, such as rent, salaries, and insurance.

Marginal Cost

The amount of money spent to manufacture one additional unit of a product or service.

Adam Smith

Was an 18th-century Scottish economist and philosopher, known as the "father of modern economics" for his influential work on the nature and causes of the wealth of nations.

Economies of Scale

Cost advantages that enterprises obtain due to scale of operation, with cost per unit of output decreasing with increasing scale.